Information Technology, Capital Structure and the Nature of Technical Change
AbstractThis paper presents statistical evidence on (1) the importance of "soft" capital spending items like marketing and R&D investments, and (2) the dominant service content of production in the modern manufacturing firm. It pictures the firm as a dominantly information processing entity that has been gradually shifting its competitive base from process cost efficiency toward a product technology. The paper, hence, argues (3) that during the post-war period technical change has been gradually pivoting in a relatively more (hardware) capital saving direction.
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Bibliographic InfoPaper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 138.
Length: 56 pages
Date of creation: Apr 1985
Date of revision:
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Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
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R&D investment; firm strategy; technological progress; manufacturing;
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